Correct me if im wrong, but acording the the drilling updates on both 430 and 330, 430 has better oil grade 430 has a 30-32 degree api quality (good oil grade as its not so thick) The quality of 430 oil should atleast improve the current SP.
330 has about 15degree api acording to one of its ann updates. (thicker oil grade)
yesterdays ann im a lil bit confused it says "The Operator advises that 1-NORD-1-SE is being completed as a future oil producer. A Progressive Cavity Pump (PCP), with a capacity of 90 barrels a day, will be set against the uppermost carbonate reservoir to facilitate production"
is this the actual flow rate of 430 itself? or is it the flow rate of the Pump only? cause i somehow dont think its the actual true flow rate of 430 itself but just a pump.
ERH Price at posting:
17.2¢ Sentiment: None Disclosure: Held